Resident or non-resident alien The IRS utilizes two tests—the 'green card test' and the 'substantial presence test'—for determining your alien...
Posted by YourIRSTaxAdvocate.com on 04/11/2019
What Is The ‘Fair Debt Collection Practices Act’?The Act is a federal law that restricts the character and acts of the third party debt collectors that are trying to receive...
Posted by YourIRSTaxAdvocate.com on 04/11/2019
Under the Taxation and Employment Act, taxpayers should continue to report health coverage to qualify for an exemption or pay shared liability payments for the 2018 tax year.You...
Posted by Wright Tax and Accounting Solutions on 04/09/2019
A few duty deductions were dispensed with as a feature of the Tax Cuts and Jobs Act, however luckily for Americans with student loan obligation, interest deduction on the student...
Posted by Wright Tax and Accounting Solutions on 04/09/2019
The student interest deduction is a tax deduction of the interest paid on a post-secondary education loan during the fiscal year in the United States, the amount of the lowest deduction...
Posted by Global Accounting on 04/09/2019
Required Minimum Distribution (RMD) This is the amount that retirees over age 70 must withdraw from deferred tax plans such as IRAs and 401 (k) and (b) 403. The rules of the RMD are...
Posted by Global Accounting on 04/09/2019
If you are a foreigner (not a US citizen), you are considered a non-resident alien if you do not pass one of the two exams. You are a foreign resident of the United States for tax...
Posted by Global Accounting on 04/09/2019
Gross estate is the totality of the dollar value of an individual's estate and assets at the time of death. The gross amount of equity does not reflect liabilities such as debts...
Posted by Global Accounting on 04/09/2019
Owning a business is not just about making profits but saving money as well. One common way to save money is by taking advantage of small business tax deductions. It's typical...
Posted by Advantage Tax Services, Inc. on 04/09/2019
